Gary Chackman, a former LPL Financial broker, was barred last week by the Financial Industry Regulatory Authority Inc.(FINRA) for several violations of securities industry rules, including falsifying documents, related to the sale of nontraded real estate investment trusts(nontraded REITS) from 2009 to 2012. In a December 19th InvestmentNews article, Bruce Kelly writes that nontraded REITs […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, October, 2013.” Mark Christopher Hotton (CRD #2346843, Registered Principal, West Islip, New York) was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Hotton consented to the described sanction and to the entry of […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, October, 2013.” Mark Christopher Hotton (CRD #2346843, Registered Principal, West Islip, New York) was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Hotton consented to the described sanction and to the entry of […]

Soreide Law Group, PLLC, a Securities Arbitration Law Firm, (888) 760-6552, obtained he following information on FINRA’s website under “Disciplinary and Other FINRA Actions, August, 2013.” Craig Robert Morrison (CRD #4490109, Registered Representative, Gainesville, Florida) fined $5,000 and suspended from association with any FINRA member in any capacity for three months. Without admitting or denying […]

Soreide Law Group, PLLC, a Securities Arbitration Law Firm, (888) 760-6552, obtained he following information on FINRA’s website under “Disciplinary and Other FINRA Actions, August, 2013.” Craig Robert Morrison (CRD #4490109, Registered Representative, Gainesville, Florida) fined $5,000 and suspended from association with any FINRA member in any capacity for three months. Without admitting or denying […]

The following information appeared on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” Jonathan Gordon Sorensen (CRD #5031354, Registered Representative, Maitland, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Sorensen consented to the described sanction and to the entry of findings that he […]

FINRA, the Financial Industry Regulatory Authority, filed a Temporary Cease-and-Desist Order (TCDO) on November 5th., 2012, halting further fraudulent sales activities by Michigan-based WR Rice Financial Services and its owner Joel I. Wilson. FINRA also issued a complaint against WR Rice and Wilson charging fraud in the sales of limited partnership interests in entities affiliated […]

John Herman Fick (CRD #4197483, Registered Representative, Fuquay-Varina, North Carolina) was fined $5,000 and suspended from association with any FINRA member in any capacity for 18 months. This fine must be paid either upon Fick’s reassociation with a FINRA member firm after his suspension, or before the filing of any application or request for relief from any statutory […]

  James Thomas Corne (CRD #4184489, Registered Representative, Duncan, South Carolina)   fined $5,000 and suspended from association with any FINRA member in any capacity for three months.  Without admitting or denying the findings, Corne consented to the described sanctions and to the entry of findings that he falsified customers’ signatures on various securities and non-securities-related […]